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BoC Decision Up Next At 1000ET

CANADA
  • It’s widely expected to hike 75bps to 2.25% with some analysts seeing risk to the upside and BoC-dated OIS pricing 82bps (little changed despite the Fed equivalent jumping from 75bp to 82bp with CPI just now).
  • This from our preview: the Bank will have to be particularly hawkish to satisfy markets, focusing more on rampant increases in inflation, high measures of surveyed inflation expectations and household balance sheet resilience to hikes and less so on slowing economic growth and the rolling over in housing market activity in particular.
  • Full note: https://marketnews.com/mni-boc-preview-jul-22-eyeing-a-more-forceful-75bp-hike

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